Overcoming Missed Revenue Opportunities for Ortho Practices
As a physician, medical practice office manager, or administrator, do you ever worry that you might be missing out on valuable opportunities to increase revenue for your practice or clinic? In recent years, orthopedic practice billing has become a nightmare for many offices due to all of the changes to medical coding and billing procedures, government regulations, and provider requirements for processing claims. Clinical coding optimization, online coding help, outsourced billing services, and staff training can help avoid missed revenue opportunities, fraud, and other costly errors that might prevent your practice from the successes that it has rightly earned. MD Pro Solutions can help Orthopedic practices and clinics through our professional consulting services, training and education programs, outsourced billing options, and ongoing support.
Get a FREE Billing Review
One of the best ways to take charge of your Orthopedic practice billing concerns is to contact our team and take advantage of our free billing review for medical practices. We work with Ortho, Plastic Surgery, and Otolaryngology specialists to provide a wide range of valuable services that can help to maximize your return on investment and overcome many of the missed revenue opportunities that plague the healthcare industry. There are many additional benefits associated with getting a free billing review. Industry experts recommend that medical practices should have their billing operation reviewed every two to three years as a rule. An external review is considered by many to be a necessity, as it can act as an insurance policy for your practice.
Throughout our many years of conducting reviews for our clients, we have been able to find lost revenue and missed revenue opportunities in 95 percent of the cases. It can be extremely frustrating to have done all of the work to provide quality patient care and services, only to not get paid by the insurance companies due to denied or rejected claims. These payments can be denied or reduced due to the billing not being submitted correctly through coding errors, improper forms, and missing data. Whatever the reason, the bottom line is that your Ortho practice could be losing thousands of dollars per provider each year, and you might not even know it unless you get a comprehensive billing review to identify the areas that require the most support.
It’s Not Just About the Money
Our clients understand that the services we provide to overcome missed revenue opportunities and ensure clinical coding optimization for Orthopedic practice billing is not just about the money. While a streamlined cash flow and attention to detail concerning third-party provider payments is essential to keep your practice in operation, there are also many other benefits associated with hiring a professional consultation service to enhance and improve your medical billing and administrative tasks. We provide our clients with a complete review of their entire medical billing solution to ensure that they are taking advantage of all the benefits associated with their current service. We will suggest the latest financial tools and talk about the different ways that you can improve your software experience through training, education, and support.
All of these services are designed to help you avoid denied claims and rejected payments for the patient care that you provide, but they can also help to reduce stress and streamline your entire administrative operations. This will ensure that you have more time to focus on your patients and prevent time-wasting activities that are fairly common in the healthcare industry. We can offer detailed monthly reports and customized client support designed to help you improve management decisions through better information. This will help you to focus on the growth of your business and ensure that you are doing the very best for your patients at the same time. Our team will follow up with your staff to ensure that solid medical billing practices remain in place to provide improved patient services and account receivables management. This is the best way that we have found to reduce the amount of time spent on collecting account receivables, processing claims, and worrying about cash flow for Ortho practices and clinics. Our procedures are designed to boost morale, increase productivity, and reduce paperwork for your staff. If you are interested in learning more about our Orthopedic practice billing support and professional consulting services, call us toll-free at 1-800-853-8110.